RE:Response from IR - actually pretty good on their partAnd we want to beleive it NOW! Get additional auditing staff on it and clear it up tomorrow or next week at the latest..
It's too vague. NHC has been accused of poor accounting practices and if this was a demonstration, we, the shareholders, are NOT happy. Many departed this morning.
Nobody should be buying or selling this stock until this great quarterly news becomes official.
We need to get a new date for the reschedule conference call and until then, I just hope we stay at these levels!
And Nobilis, please note that investor frustration will grow daily.
And, for the record, I don't buy the notion that these delayed auditing report will come back favorable, they often don't.
I think there will be a financial impact but with the crazy share price below $4 CDN and $3 USD, seems all the negativity is already built in.
This coming weeks are "make or break" time for Nobilis. My bear is awake and angry.
Delaying financials is is a big red flag.
And that is why there was massive selling this morning,
But at these prices, train wreck chasers and shorters get interested to buy.